Braun Stacey Associates Inc. Reduces Stock Position in Itron, Inc. (NASDAQ:ITRI)

Braun Stacey Associates Inc. trimmed its position in Itron, Inc. (NASDAQ:ITRI) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,769 shares of the scientific and technical instruments company’s stock after selling 1,640 shares during the period. Braun Stacey Associates Inc. owned about 0.48% of Itron worth $23,537,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Erste Asset Management GmbH acquired a new position in shares of Itron during the 3rd quarter valued at about $38,534,000. Assenagon Asset Management S.A. increased its position in Itron by 90.7% during the third quarter. Assenagon Asset Management S.A. now owns 511,734 shares of the scientific and technical instruments company’s stock worth $54,658,000 after purchasing an additional 243,355 shares during the last quarter. Franklin Resources Inc. raised its stake in Itron by 611.9% during the third quarter. Franklin Resources Inc. now owns 282,828 shares of the scientific and technical instruments company’s stock worth $31,128,000 after purchasing an additional 243,102 shares during the period. Banco Santander S.A. boosted its holdings in shares of Itron by 4,133.3% in the 3rd quarter. Banco Santander S.A. now owns 190,500 shares of the scientific and technical instruments company’s stock valued at $20,347,000 after purchasing an additional 186,000 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Itron by 41.6% during the 3rd quarter. Victory Capital Management Inc. now owns 283,728 shares of the scientific and technical instruments company’s stock valued at $30,305,000 after buying an additional 83,328 shares during the period. 96.19% of the stock is owned by institutional investors and hedge funds.

Itron Price Performance

ITRI stock opened at $97.00 on Tuesday. The company has a market capitalization of $4.37 billion, a PE ratio of 19.88, a P/E/G ratio of 0.88 and a beta of 1.46. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The stock’s 50 day moving average is $106.86 and its two-hundred day moving average is $106.89. Itron, Inc. has a 52-week low of $73.64 and a 52-week high of $124.90.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Robert W. Baird lifted their target price on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Guggenheim lifted their price objective on Itron from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer increased their target price on shares of Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen lifted their price target on shares of Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, StockNews.com cut shares of Itron from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Itron has a consensus rating of “Moderate Buy” and a consensus target price of $123.92.

Itron Profile

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.